Mobius Capital Partners is preparing to issue new shares in the Mobius Investments trust once the company is able to shrug off a stubborn discount to NAV afflicting most emerging market peers.
Speaking to Investment Week, founder Mark Mobius said there is a "good chance" the trust will soon swing to a premium in reaction to improved optimism over the outlook for emerging markets, and the team are hoping to grow the company's assets amid its three-year anniversary. Mobius Investments is currently sitting on a 6.7% discount to NAV of £121m, according to the Association of Investment Companies, reflecting a similar theme across its peer group. Mobius IT slashes cash weighting as it deploys capital into 'vulnerable' Brazil and Turkey The average trust in the AIC Global Eme...
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